SBP will always consult our governance stakeholders, inclusive of some of the world’s top climate scientists and NGOs to answer this question. That said, the best science today dictates that hydro, solar, wind, and waste methane, are clean sources of energy for Bitcoin mining.
Each miner will report their energy consumption and renewable energy usage in an audit conducted by a third party verification organization. These miners will then send the information to SBP, where the data will be recorded.
SBP measures our impact through the percentage of clean energy used by BTC miners, by the development of new renewable energy facilities, by institutional adoption of sustainable BTC, and by an increase in verified clean energy hashrate. We also consider impact as the extent to which SBP helps educate the world about the facts and realities of bitcoin mining as it pertains to environmental stewardship.
The Sustainable Bitcoin Standard is partnering with top international climate scientists and NGOs to guide Bitcoin towards a more sustainable future.
We’ve developed an international protocol that can verify bitcoin mining powered
by clean energy sources, and financially incentivize miners to go green.